JPI | Jotup

Nuveen Preferred and Income Term Fund Announces Shareholder Proposal

Retrieved on:

Thursday, January 18, 2024

Asset Management, Professional Services, Finance, Nuveen, JPI, Trustee, Indian Sugar Mills Association

The Board of Trustees of Nuveen Preferred and Income Term Fund (NYSE: JPI) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and its leveraged exposure to preferred and other income producing securities.

Key Points:

The Board of Trustees of Nuveen Preferred and Income Term Fund (NYSE: JPI) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and its leveraged exposure to preferred and other income producing securities.
If JPI’s term structure is eliminated, the fund’s name will change to “Nuveen Preferred Securities & Income Opportunities Fund,” and the common shares of the fund will continue to trade on the New York Stock Exchange under the current ticker symbol.
In addition, if the fund’s term structure is eliminated, Nuveen will waive 50% of its net management fees over the first year following the elimination of the term, which may enhance the net earnings of the fund.
More information on the proposal will be contained in proxy materials for the fund expected to be filed in the near future.

Latest Burford Quarterly journal of legal finance addresses top dispute trends to anticipate in 2024

Retrieved on:

Thursday, January 11, 2024

Lawyer, Nut, Aviation, Scott Winter, Mining, News, JPI, Burford Capital, GCS

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- Burford Capital, the leading global finance and asset management firm focused on law, today releases its latest Burford Quarterly, a journal of legal finance that explores the top trends at the nexus of law and finance.

Key Points:

Articles in the Burford Quarterly 1 2024 include:
A readout of Burford's hosted roundtable with senior in-house lawyers from top companies across Europe, which answers key questions GCs have about legal finance .
How Cessna turned legal paper into cash: A case study
The story of how the global aviation manufacturer used legal finance to bring in the enforcement experts and generate immediate liquidity.
The nuts and bolts of patent divestitures and why name brand companies are financing divestitures.
Legal finance and JPI solve different problems but work well together, and the efficacy of JPI can be meaningfully enhanced with legal finance.

Demand-side Data Intelligence Platform Expands Into Texas, Welcomes JPI as Its Latest Subscriber

Retrieved on:

Monday, November 13, 2023

RCKRBX has also welcomed JPI, a leader in the development of Class A multifamily communities, as its inaugural subscriber in the market.

Key Points:

RCKRBX has also welcomed JPI, a leader in the development of Class A multifamily communities, as its inaugural subscriber in the market.
“JPI is one of the largest, most prolific, and forward-thinking multifamily developers in Texas, and we’re excited to help enhance their land acquisition and development decision-making through our demand-side data insights."
Powering the platform is a proprietary database of renter polling data and associated variables combined with contextual market information and supply-side data.
RCKRBX utilizes quantitative research industry standards and best practices for survey design, sample recruitment, response and data quality control, and privacy protection.

JPI Acquisition Completed by Sumitomo Forestry America, Inc.

Retrieved on:

Tuesday, December 5, 2023

Acquisition, Investment, LLP, Sumitomo Forestry, Walker & Dunlop, Vinson & Elkins, JPI, Partnership, Growth, NMHC, Management

IRVING, Texas, Dec. 5, 2023 /PRNewswire/ -- JPI, a leader in the development of Class A and attainable multifamily communities, and Sumitomo Forestry America, Inc. ("Sumitomo Forestry"), a comprehensive housing and wood products subsidiary of Sumitomo Forestry Co., Ltd., announced today the successfully completed acquisition of JPI's operating platform by Sumitomo Forestry.

Key Points:

United States-leading multifamily developer finalizes partnership with Sumitomo Forestry, a company celebrating a 330-year legacy
IRVING, Texas, Dec. 5, 2023 /PRNewswire/ -- JPI , a leader in the development of Class A and attainable multifamily communities, and Sumitomo Forestry America, Inc .
("Sumitomo Forestry"), a comprehensive housing and wood products subsidiary of Sumitomo Forestry Co., Ltd., announced today the successfully completed acquisition of JPI's operating platform by Sumitomo Forestry.
"As a long-term partner, Sumitomo Forestry has made tremendous investments in JPI projects over the past four years," said Mollie Fadule, Chief Financial and Investment Officer for JPI .
Falls River Group and Zelman Partners, a subsidiary of Walker & Dunlop, served as financial advisors to Sumitomo Forestry, and Vinson & Elkins served as Sumitomo Forestry's legal advisor.

The Hoffman Company Announces the Sale of 31.7 Acres in Murrieta, Calif., for $38 Million to National Multifamily Developer JPI

Retrieved on:

Wednesday, October 25, 2023

Commercial Building & Real Estate, Construction & Property, Finance, Professional Services, Urban Planning, REIT, Other Construction & Property, Residential Building & Real Estate, Murphy-Hoffman Company, Sale, Housing, Development, JPI, Acquisition, Senior, City, Jefferson Avenue

The Hoffman Company is pleased to announce the $38 million sale of 31.7 acres of vacant land in Murrieta, California, to JPI , one of the nation's largest multifamily developers.

Key Points:

The Hoffman Company is pleased to announce the $38 million sale of 31.7 acres of vacant land in Murrieta, California, to JPI , one of the nation's largest multifamily developers.
Ground-breaking on this fully entitled property is estimated for late 2024 or early 2025.
“This stands out amid declining rents in major US markets, underscoring the persistent demand for new rental housing in this area."
The unit composition includes 329 one-bedroom units, 485 two-bedroom units, and 38 three-bedroom units, ensuring a wide range of living choices.

JPI Breaks Ground on 450 Class A Multifamily Homes In Grand Prairie

Retrieved on:

Tuesday, July 25, 2023

Kroger, Broad Street, JPI, Regional development, Senior, The Home Depot, Starbucks, Quality of life, Chase Bank, Interest, Happy State Bank Stadium, Target Corporation, Hotel

GRAND PRAIRIE, Texas, July 25, 2023 /PRNewswire/ -- JPI, a leader in the development of best-in-class multifamily communities, has broken ground on the first phase of Jefferson Loyd Park, a Class A development that will bring 450 multifamily homes to Grand Prairie.

Key Points:

GRAND PRAIRIE, Texas, July 25, 2023 /PRNewswire/ -- JPI, a leader in the development of best-in-class multifamily communities, has broken ground on the first phase of Jefferson Loyd Park, a Class A development that will bring 450 multifamily homes to Grand Prairie.
"This is a really exciting project for us," said Blake Taylor, Senior Vice President and Regional Development Partner for JPI.
"Not only are we able to bring a substantial number of homes to a growing area, but in such a unique location.
Including Loyd Park, JPI's total count of homes under construction currently stands at over 7,600, with over 6,200 homes under construction in North Texas alone.

Payton Mayes Celebrated as a Most Admired CEO by Dallas Business Journal

Retrieved on:

Tuesday, June 20, 2023

JPI, Housing, Culture, American City Business Journals, Trust, Investment, Gallup's most admired man and woman poll, DBJ, Mayes, Management, DFW

IRVING, Texas, June 20, 2023 /PRNewswire/ -- JPI's Chief Executive Officer, Payton Mayes, has been recognized as a 2023 Most Admired CEO Award winner by the Dallas Business Journal (DBJ) for his outstanding performance in guiding a company to success and contributing to the overall growth of the North Texas business community.

Key Points:

IRVING, Texas, June 20, 2023 /PRNewswire/ -- JPI's Chief Executive Officer, Payton Mayes, has been recognized as a 2023 Most Admired CEO Award winner by the Dallas Business Journal (DBJ) for his outstanding performance in guiding a company to success and contributing to the overall growth of the North Texas business community.
Payton exemplifies an admired CEO through his hungry, humble, and people-first approach to business.
"It's an honor to be recognized alongside so many outstanding leaders in our community," commented Payton Mayes, CEO of JPI.
"At JPI, we continue to be laser-focused on best-in-class people, technology, and processes that help us be recognized as one of the leaders in the market.

JPI Breaks Ground on Jefferson Addison Heights, Bringing 290 Homes to Addison, Texas

Retrieved on:

Thursday, June 15, 2023

ADDISON, Texas, June 15, 2023 /PRNewswire/ -- JPI, a leader in the development of best-in-class multifamily communities, has broken ground on Jefferson Addison Heights, a Class A development that will bring 290 homes to Addison, Texas.

Key Points:

ADDISON, Texas, June 15, 2023 /PRNewswire/ -- JPI, a leader in the development of best-in-class multifamily communities, has broken ground on Jefferson Addison Heights, a Class A development that will bring 290 homes to Addison, Texas.
The homes will include an assortment of leading amenities typical to JPI communities, such as stone countertops, stainless steel energy-efficient appliances, and minimum 10' ceilings.
"Addison offers a wealth of opportunities for residents and organizations to flourish," said Payton Mayes, CEO of JPI.
"JPI brings that same spirit and has a track record for delivering best-in-class homes.

JPI Announces Appointment of Scott Turner as Chief Visionary Officer

Retrieved on:

Wednesday, June 7, 2023

IRVING, Texas, June 7, 2023 /PRNewswire/ -- JPI announced today that Scott Turner has been named Chief Visionary Officer, a new leadership role focused on the development and execution of a comprehensive strategic vision for the company's growth and expansion.

Key Points:

IRVING, Texas, June 7, 2023 /PRNewswire/ -- JPI announced today that Scott Turner has been named Chief Visionary Officer, a new leadership role focused on the development and execution of a comprehensive strategic vision for the company's growth and expansion.
"I am thrilled that JPI has chosen Scott Turner as their Chief Visionary Officer," said Dr. Ben Carson, the former United States Secretary of Housing and Urban Development.
As the Chief Visionary Officer at JPI, Scott is responsible for creating and implementing a comprehensive strategic vision to drive the company's growth and expansion.
Prior to being named as Chief Visionary Officer, Scott has served as an advisor to JPI for the past two years.

Casoro Group Announces the Return of Monte Lee-Wen as Chief Executive Officer

Retrieved on:

Monday, March 13, 2023

AUSTIN, Texas, March 13, 2023 /PRNewswire/ -- Casoro Group, a multifamily real estate investment firm that has acquired, managed, renovated and repositioned more than $1 billion in properties across the Sunbelt, today announced that Founder and former Executive Chairman Monte Lee-Wen has resumed active management of the firm as Chief Executive Officer with a new leadership team. Laura Klein, who served as Casoro's Vice President of Asset Management and Chief Operating Officer until 2020, has returned as Chief Operating Officer. Also joining Casoro are Mehul Chavada, serving as Chief Investment Officer, and Doug LoPinto, as Managing Director of Capital Markets.

Key Points:

Laura Klein, who served as Casoro's Vice President of Asset Management and Chief Operating Officer until 2020, has returned as Chief Operating Officer.
Also joining Casoro are Mehul Chavada, serving as Chief Investment Officer, and Doug LoPinto, as Managing Director of Capital Markets.
"I'm excited to be leading the firm as we move forward with a new team and new strategies," said Monte Lee-Wen, CEO at Casoro.
After serving as Chief Executive Officer until 2019 and overseeing the firm as Executive Chairman until 2022, Lee-Wen has returned to an active management role to strengthen Casoro's capabilities as a vertically integrated multifamily owner/operator.